﻿<?xml version="1.0" encoding="utf-8"?><SchemeSummaryDocument xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"><SchemeSummary><Fund_Name>Axis Innovation Fund</Fund_Name><Option_Names_Regular__Direct>Direct IDCW
Direct Growth
Regular IDCW
Regular Growth
</Option_Names_Regular__Direct><Fund_Type>An open ended equity scheme investing in innovation theme.</Fund_Type><Riskometer_At_the_time_of_Launch>Very High</Riskometer_At_the_time_of_Launch><Riskometer_as_on_Date>Very High</Riskometer_as_on_Date><Category_as_Per_SEBI_Categorization_Circular>Sectoral/Thematic Funds</Category_as_Per_SEBI_Categorization_Circular><Potential_Risk_Class_as_on_date>-</Potential_Risk_Class_as_on_date><Description_Objective_of_the_scheme>To generate long term capital appreciation by investing in equity &amp;amp; equity related securities of companies that are benefiting from innovative change (innovators, enablers, adaptors) However, there is no assurance that the investment objective of the Scheme will be achieved</Description_Objective_of_the_scheme><Stated_Asset_Allocation>Equity &amp;amp; Equity related instruments of Innovation theme - (80%-100%) Other Equity and Equity related instruments - (0%-20%), Debt &amp;amp; Money Market Instruments - (0%-20%),Units issued by InvITs - (0%-10%)</Stated_Asset_Allocation><Face_Value>10</Face_Value><NFO_Open_Date>04 Dec 2020</NFO_Open_Date><NFO_Close_date>18 Dec 2020</NFO_Close_date><Allotment_Date>24 Dec 2020</Allotment_Date><Reopen_Date>28 Dec 2020</Reopen_Date><Maturity_Date_For_closedend_funds>N/A</Maturity_Date_For_closedend_funds><Benchmark_Tier_1>NIFTY 500 TRI</Benchmark_Tier_1><Benchmark_Tier_2>Not Applicable</Benchmark_Tier_2><Fund_Manager_Name>Mr. Ashish Naik, Ms. Krishnaa N</Fund_Manager_Name><Fund_Manager_Type_PrimaryComanageDescription>Mr. Ashish Naik - Comanage/Domestic Equities, Ms. Krishnaa N - Foreign Securities</Fund_Manager_Type_PrimaryComanageDescription><Fund_Manager_From_Date>Mr. Ashish Naik - 24th December 2020, Ms. Krishnaa N - 01st March 2024</Fund_Manager_From_Date><Annual_Expense_Stated_maximum>Regular 2.29, Direct 1.35</Annual_Expense_Stated_maximum><Exit_Load_if_applicable>If redeemed / switched-out within 12 months - For 10% of investment: Nil on FIFO basis For remaining investment: 1% w.e.f.,24/12/2020</Exit_Load_if_applicable><Custodian>DEUTSCHE BANK AG</Custodian><Auditor>B S R &amp;amp; Co. LLP</Auditor><Registrar>Kfintech Ltd</Registrar><RTA_Code_To_be_phased_out>SS</RTA_Code_To_be_phased_out><Listing_Details>Unlisted</Listing_Details><ISINs>INF846K01X71|INF846K01X89|INF846K01Y05|INF846K01Y13|INF846K01X97|INF846K01Y21</ISINs><AMFI_Codes_To_be_phased_out>148634|148632|148631|148633</AMFI_Codes_To_be_phased_out><SEBI_Codes>AXIS/O/E/THE/20/07/0046</SEBI_Codes><Minimum_Application_Amount>100</Minimum_Application_Amount><Minimum_Application_Amount_in_multiples_of_Rs>1</Minimum_Application_Amount_in_multiples_of_Rs><Minimum_Additional_Amount>100</Minimum_Additional_Amount><Minimum_Additional_Amount_in_multiples_of_Rs>1</Minimum_Additional_Amount_in_multiples_of_Rs><Minimum_Redemption_Amount_in_Rs>N/A</Minimum_Redemption_Amount_in_Rs><Minimum_Redemption_Amount_in_Units>N/A</Minimum_Redemption_Amount_in_Units><Minimum_Balance_Amount_if_applicable>N/A</Minimum_Balance_Amount_if_applicable><Minimum_Balance_Amount_in_Units_if_applicable>N/A</Minimum_Balance_Amount_in_Units_if_applicable><Max_Investment_Amount>N/A</Max_Investment_Amount><Minimum_Switch_Amount_if_applicable>N/A</Minimum_Switch_Amount_if_applicable><Minimum_Switch_Units>N/A</Minimum_Switch_Units><Switch_Multiple_Amount_if_applicable>N/A</Switch_Multiple_Amount_if_applicable><Switch_Multiple_Units_if_applicable>N/A</Switch_Multiple_Units_if_applicable><Max_Switch_Amount>N/A</Max_Switch_Amount><Max_Switch_Units_if_applicable>N/A</Max_Switch_Units_if_applicable><Swing_Pricing_if_applicable>No</Swing_Pricing_if_applicable><Sidepocketing_if_applicable>Yes</Sidepocketing_if_applicable><SIP_SWP__STP_Details_Frequency>SIP - Daily / Weekly / Monthly / Yearly SWP - Weekly / Monthly /  Quarterly / Halfyearly / Yearly STP - Daily / Weekly / Fortnightly / Monthly / Quarterly</SIP_SWP__STP_Details_Frequency><SIP_SWP__STP_Details_Minimum_amount>SIP Daily, Weekly - 100, Monthly 100.00, SIP Yearly - 12000.00 SWP - 1000 STP - Daily, Weekly, Fortnightly, Monthly - 1000 and Quarterly 3000.00</SIP_SWP__STP_Details_Minimum_amount><SIP_SWP__STP_Details_In_multiple_of>1</SIP_SWP__STP_Details_In_multiple_of><SIP_SWP__STP_Details_Minimum_Instalments>SIP Daily -6, Weekly - 6, Monthly - 6 SIP - Yearly - 3 SWP - Weekly - 5, Monthly - 6, Quarterly - 4, Halfyearly - 4, Yearly - 2 STP - Daily -6, Weekly - 6, Fortnightly -6, Monthly - 6, Quarterly -2.</SIP_SWP__STP_Details_Minimum_Instalments><SIP_SWP__STP_Details_Dates>SIP - Except 29,30 and 31 all dates SWP - Any Business Day, STP -  Daily, Weekly all days, Fortnightly - alternate Wednesday, Monthly and Quarterly 1,7,10,15 and 25</SIP_SWP__STP_Details_Dates><SIP_SWP__STP_Details_Maximum_Amount_if_any>N/A</SIP_SWP__STP_Details_Maximum_Amount_if_any></SchemeSummary></SchemeSummaryDocument>